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13 minutes, 0 transactions! what happened?

2024-09-18

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today, a-shares fluctuated. in the afternoon, the shanghai composite index strengthened under the pull of heavyweight stocks. at around 13:10 in the afternoon, the shanghai composite index rebounded and turned positive around 13:40.

industrial and commercial bank of china, bank of china, china construction bank, agricultural bank of china, bank of communications and other stocks all rose by more than 1%, and theme stocks fell from their highs. in terms of sectors, lithography machines, diversified finance, coal, real estate and other sectors rose the most, while consumer electronics, e-commerce, st sectors, e-cigarettes and other sectors fell the most. in addition, conglin technology, a stock on the science and technology innovation board, experienced zero transactions within 13 minutes during trading, which attracted market attention.

today, more than 3,600 stocks fell in the market. the turnover of the shanghai and shenzhen stock markets was 479.3 billion yuan, down 45.4 billion yuan from the previous trading day. the third highest volume this yearas of closing, the shanghai composite index rose 0.49%, the shenzhen component index rose 0.11%, and the chinext index fell 0.11%.

looking back at the historical trends of a-shares after the mid-autumn festival from 2008 (the mid-autumn festival was listed as a legal holiday in 2008) to 2023, we found that the market rose 10 times on the first trading day after the festival, with a probability of 62.5%; the market rose 9 times within 5 trading days after the festival, with a probability of 56.25%. among them, the chinext index rose 9 times within 5 trading days after the festival, with a probability of 64.29%.

in terms of news, there are two trading days left this week, and two major events are worth paying attention to.

first, the federal reserve will hold its september interest rate meeting on september 17-18 local time, and will release a meeting statement and a summary of economic expectations in the early morning of september 19 beijing time. whether the federal reserve will cut interest rates beyond expectations has become the focus of this meeting.

second, it is reported that huawei will hold the all connect conference from september 19 to 21. the latest agenda released by huawei's all connect conference shows that on the morning of september 21, zhu yonggang, president of huawei terminal cloud, will give a keynote speech on "building and sharing a new world of hongmeng". at the same time, the conference will hold the computing (ascend) summit and the data storage summit. at the data storage summit, huawei will release a new generation of all-flash memory, ai storage and other products. these contents have attracted much attention from the market.

conglin technology had zero transactions for 13 minutes during the trading session

today, the science and technology innovation board stock conglin technology had zero transactions within 13 minutes. according to the data from tonghuashun, the trading volume of the stock was 0 from 13:02 to 13:14 in the afternoon.

according to information, conglin technology is a leading hazardous waste treatment company in shanghai. its main business is the resource utilization and harmless disposal of hazardous waste. it has achieved innovation and leadership in the fields of hazardous waste treatment technology, new models of comprehensive hazardous waste treatment and modernization of hazardous waste management systems.

real estate and diversified financial sectors strengthened

in the afternoon, the a-share real estate sector strengthened and led the market. 51home, cccc real estate, electronic city, zhangjiang hi-tech park hit the daily limit, followed by sdic services, airport group, gemdale group, savills and others.

in the diversified financial sector, from 13:18 to 13:19 in the afternoon, within one minute, hongye futures and jiuding investment rose straight to the daily limit, followed by avic industrial finance, xiangyi rongtong, ruida futures, cuiwei holdings and others.

on the news front, the head of the relevant department of the central bank said recently that in the future, monetary policy will adopt more flexible, appropriate, precise and effective measures, strengthen regulation, and accelerate the implementation of announced financial policy measures to ensure their rapid effectiveness. in addition, new policy measures will be introduced to further reduce the cost of corporate financing and household credit.

boc securities said that in september, we need to pay close attention to incremental policies. at present, the expectation of interest rate cuts in the united states is strong, and there may also be a wave of interest rate cuts in china.

regarding sector opportunities, ping an securities stated that the short-term catalyst for the real estate sector still lies in policies, and it will continue to pay attention to the implementation of storage and purchase in september. the medium-term trend opportunity lies in the stabilization of volume and price in the real estate market. it is recommended to pay attention to high-quality real estate companies with light historical burdens and optimized inventory structure.

theme stocks fluctuated sharply

in the morning trading today, hainan haiyao, huaying technology and other short-term rising stocks crashed to the limit at the opening. previously, hainan haiyao had six consecutive limits, and huaying technology had five consecutive limits. baobian electric staged a "ground-to-sky limit" market, after the stock had three consecutive limits.

analysts believe that the volatility of theme stocks has intensified, especially some stocks with intraday "earth-sky" market conditions, indicating that there are large differences in funds. judging from the current market transactions, it is recommended to operate with caution in the case of insufficient trading volume.